so, fred smith believes in what the government has to offer and let the government run fedex like it ran the post office. >>eric: what is the effect of raising taxes on the top 2 percent do a businesslike yours? >>guest: in new york state it would cost us $15 billion alone and 46,000 jobs. >>eric: you personally? >>guest: it would end up reducing my employee payroll, it will reduce my employees by 10 or 15 over all, and it will negatively impact it right across the board. >>eric: who is he talking to? who is fred smith talking to when he says it won't be the job killer that everyone claims. >>guest: i don't know, everyone is mystified by the comment. i don't think fred smith would be able to achieve what he did, today, if the tax hikes that the president is asking for were in effect when he first started out. >>eric: so say the economy turns around, and people buy cars if it turns around and you have an increase in taxes that could, who knows, will you restrict your hiring because of that? >>guest: yes. a tax is an expense. when you have an expense you have to pass it on somehow. an